Oct 30 2026
Recent Research
IMI plc, Q3 trading statement
Oct 29 2026
Irish banks
Banks monthly: Individual Investment Accounts
Individual Investment Accounts (IIAs) should provide a welcome tailwind to Irish retail investing. We expect adoption to be gradual with flows captured at the margin from existing...
Irish economy
Double-digit growth in housing output in Q3
As we saw in Q2, we are encouraged to see Q3 house completions very close to our forecast. While our apartments forecast was higher than the outcome, these are inherently volatile....
UK economy
UK public finances are set to remain fragile
2026 has been characterised by upside surprises to the UK’s economic growth, and there is possible further scope for outperformance ahead thanks to a better productivity backdrop....
Associated British Foods
FY26 results preview – limited margin of safety
We remain cautious on Associated British Foods (ABF) ahead of its FY26 results (November 3rd). While Primark’s recent price reductions should support its competitive position, we...
UK economy
Inflation up to 3.5%, but second-round effects remain absent
This morning’s UK inflation data are mildly hawkish, as were the labour market figures already published this week. However, the big picture remains that there is still very limited...
Hostelworld
Forecast updates post recent trading statement
We update our Hostelworld forecasts to reflect the greater-than-anticipated impact on booking volumes from the conflict in the Middle East. This initially impacted Europe to...
Greencoat UK Wind
Capital Markets Event: new levers in UK Wind
Greencoat UK Wind's (UKW) Capital Markets Event (CME) provided greater detail on how management intends to deploy capital over the coming years. While the opportunity set has...
Kerry Group
US investor event showcases model strength
Kerry’s recent North America-focused investor event conveyed a clear sense of momentum and ambition. Since our previous visit two years ago, confidence in the relevance of the...
Mincon Group
Increasing price target to 112c on materially higher growth expectations
With Mincon’s recent Q3 results showing exceptionally strong growth on the back of good H1 momentum, we have increased FY26 revenue forecasts by c.13%. Good operating leverage drives...
Givaudan
Investor field trip – focus on Taste & Wellbeing Europe
We attended Givaudan’s recent investor field trip in Naarden, the Netherlands, which showcased Taste & Wellbeing (T&W) Europe, the division’s largest region at 28% of T&W sales. The...
